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Gazprom to reduce natural gas prices for Europe in 2013
Gazprom, the leading European supplier of natural gas which supplies nearly a third of its gas, has come under increasing pressure from the supplier opponent, as well as Statoil, so that Russia would change the price of their policies in order to reflect the requirements of the buyer for cheaper gas.
read more... 19/12/2012
Daily: Brent and U.S. crude boosts on hopes for U.S. budget deal to avert cliff
Brent and U.S. crude oil futures settled higher on Tuesday following sign of progress in talks to resolve the U.S. budget debate which attenuated concerns about looming mandated tax hikes and spending cuts that investors worry might slow the economy and hit oil demand. Meanwhile, Brent February crude climbed $1.20, or 1.11 percent, to settle at $108.84 a barrel, having traded from $107.93 to $108.95. U.S. January crude increased 73 cents, or 0.84 percent, to settle at $87.93 a barrel, having traded from $87.21 to $88.16.
read more... 19/12/2012
Saras and Rosneft to form a joint venture for trading and processing crude oil
Saras SpA, one of Italy's biggest oil refiners by capacity, and Russia's largest crude producer Rosneft will form a joint venture for the trading and processing of crude oil and the selling of petroleum products.
read more... 19/12/2012
DECC publishes solar, biomass incentives package for 2013-2017
The UK‘s government established a 5-year plan on Tuesday to spur the solar and biomass investment needed to achieve the country's 2020 green energy targets.
read more... 19/12/2012
Ofgem to upgrade the national gas and power grids
UK energy regulator Ofgem announced on Monday that it has allocated about 24.2 billion pounds to the improvements of the national gas and power grids. This move will add an average of about 12 pounds to annual household energy bills for the next eight years to come.
read more... 18/12/2012